Deep Robotics filed to raise 2.5 billion yuan in a Shanghai initial public offering after the company returned to profit in 2025.
The filing shows revenue rose to 337 million yuan in 2025 from 103 million yuan in 2024 and net profit reached 28.7 million yuan, with 11.9 million yuan of government subsidies accounting for more than one-third of that profit, and Deep Robotics is a Hangzhou maker of quadruped robots for industrial uses.
Humanoid robot sales remained negligible, with four units recorded across 2024-2025.
Inventories climbed to 124 million yuan as the company scaled production.
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The IPO request joins a wave of Chinese robotics companies seeking public capital as authorities promote embodied artificial intelligence and industrial automation.
The company filed the prospectus with the Shanghai Stock Exchange on May 18 seeking the 2.5 billion yuan raise, equivalent to $367.6 million.
